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A survey how to benefit from the Spanish property market without risks and effort. The Spanish real estate market we are reporting on here covers the zone of interest for the tourism; this is the Spanish coastline as well as the islands. |
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From the second half of the last century the growing tourism has changed step by step but significantly the vision of the Spanish landscape. Villages and small fishing ports changed to vacation destinations adapting all positive and negative effects of a changing society. Apart from the continuously growing hotel industry along the coastline satellite towns were erected, in the beginning only neighbouring the beaches. The growing air traffic has caused the construction of more airports. Along with it the number of tourists grew heavily. The Spanish islands and the southern regions converted more and more into retreat areas for north European citizens after his working life because of the pleasant climate all year long. During the winter periods a significant growth of tourism could be noticed. |
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| This led to a decade’s long period of constructing villas, apartments and other residences. Between Costa Brava and Costa de la Luz every reasonably marketable beach converted onto a vacation center. The Canary Islands converted into winter destinations par excellence and the Balearics converted into all year long pensioner destinations. Urbanizations of different qualities for all incomes were constructed; villas, apartments and residences were built into the hills backing the beaches. ´ In 2007 the peak of this evolution was reached. The number of tourists and visitors are declining due to the international economical crisis and the financial crunch. The range between sales and finishing of real estate developed negatively. A very negative effect was the changing of the policy of the banks not to grant credits and mortgages easily like before.The so-called „Burbuja de la construcción (Construction bubble)“ burst. Many building companies had to give up; many not sold units stayed unsold. The construction phases all over Spain developed unbalanced between the different regions. This lead to an unequal overcapacity situation. The overcapacity caused especially in Andalusia a notable decrease in sales prices.
Looking at the current situation all over Spain it is possible to find favourable offers in every region. The origin is distressed property, foreclosures, private problems, public sales. However, the development of the offers is not equal. On the islands real estate also had to face a decrease in value, but not as much as on the peninsula. In Andalusia, especially in the region between Málaga und Cadiz price reductions are especially significant. To be efficient one has to be fully informed about the important details of the market. We are offering the optimal information. We do supply an up to date report individualized according to the below stated data and the information you have required. The initial report can only be established having received the data of your preferences. Please fill in the contact form on our Homepage. For any further information we are only too glad to serve you. Please make use of the following Email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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